Mobile phones, bank cards, and many companies provide services for electronic money.
Pmavcash, PayPal, Webmoney, Skrill and so on. Like Alipay in China, WeChat wallet is electronic money. The advantage of electronic money is that the transfer speed is fast, but the handling fee of foreign money changers is too high, and the language is not convenient for communication. The exchange and payment methods are mostly telegraphic transfer and credit card, and Chinese people mainly use bank cards and Alipay to collect money. Various factors make people choose domestic money changers. Exchange dealers are mostly engaged in foreign exchange transactions, international online shopping and international trade. Because electronic money transactions are fast and convenient, and the handling fee is low, because it is settled in US dollars, if you want to change your local currency, you must rely on third-party exchange to complete the settlement.